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Fannie Mae’s gross mortgage portfolio dropped at a compound annualized rate of 16.4% in January, according to the latest monthly report from the government-sponsored enterprise.
The company’s book of business also fell at a compound annualized rate of 1.1%. At Jan. 31, the GSE’s gross mortgage portfolio balance hovered at $ 769.9 billion.
Meanwhile, the overall delinquency rate [...]HousingWire